The Law of Comparative Advantages Explains Why

question 56

Multiple Choice

The law of comparative advantages explains why

• A)advanced nations will not trade with less-developed countries.
• B)an advanced nation will not trade with other countries.
• C)less-developed countries only trade among themselves.
• D)nations trade with each other, regardless of their relative levels of economic development.
• E)nations erect trade barriers.

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Definitions:

Minimal Groups

Experimental groups created with minimal conditions for group membership, used to study the basic conditions required for discrimination or group identification to occur.

Tajfel

A reference to Henri Tajfel, a social psychologist known for his work on social identity theory and intergroup dynamics.

Social Categorization

The process of classifying individuals into groups based on shared characteristics, which can shape perceptions and social dynamics.

Turner

A person who operates a lathe or similar machinery, or in a historical context, a name associated with specific roles in medieval guilds.